What’s new in the world of economic growth and recovery?
When we signed off last week, the Germans and the French were trying to hold Europe together. This morning, they are still trying.
December 13th, 2011 | Bill Bonner | 1 comment | Continued
What’s new in the world of economic growth and recovery?
When we signed off last week, the Germans and the French were trying to hold Europe together. This morning, they are still trying.
December 13th, 2011 | Bill Bonner | 1 comment | Continued
Daily Reckoning editors have written endlessly about how such stimulus will merely “pull forward demand”, causing a slump once the stimulus is withdrawn. They have been proven right in textbook fashion. But Schiff points out a further crucial consequence of this economic mismanagement. In addition to pulling forward demand, there is the interest on the debt used to pull this demand forward.
July 10th, 2010 | Nickolai Hubble | 1 comment | Continued
As fellow Reckoner, Joel Bowman observed recently, “In a misguided effort to rescue the economy from the untold horrors of the ‘abyss,’ the prophets of modern central planning seek to transfer society’s means of production from the most to the least productive class…
May 21st, 2010 | Eric J. Fry | 9 comments | Continued
“Even more important,” he writes, “is that we have a clear path to economic recovery.”
May 18th, 2010 | Bill Bonner | 0 comments | Continued
Investor emotion accounts for these fluctuations. Many years ago, Benjamin Graham characterised this emotion as ‘Mr Market’. Sometimes Mr Market was very happy and positive about the future and was willing to pay handsomely to buy shares. At other times, Mr Market thought the sky was falling in and wanted to give those same shares away at bargain prices.
February 16th, 2010 | Greg Canavan | 3 comments | Continued
“A surprising jump in first-time claims for unemployment aid sent a painful reminder Thursday that jobs remain scarce six months into the economic recovery.
January 25th, 2010 | Bill Bonner | 6 comments | Continued
“During the next few decades,” he says, “we will encounter serious problems mining many important metal minerals at the desired extraction rates. Amongst them are all precious metals…
November 25th, 2009 | Chris Mayer | 0 comments | Continued
The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | Continued
Goldman Sachs has raised its rating on large banks to “attractive.” In related news, Neal Barofsky, the special inspector general for the Troubled Asset Relief Program has said that the Feds may have, er, not quite told the truth about the health of the banks receiving TARP funds. He didn’t use the word, lie though. How are these two items related? We’ll explain below.
October 6th, 2009 | Dan Denning | 4 comments | Continued
With no real economic recovery, don’t expect a real bull market on Wall Street. Or real pressure on bond yields…
June 24th, 2009 | Bill Bonner | 2 comments | Continued
By the way, no one should assume that Australia will always have China to fall back on, whether it is for capital in a pinch, or long-term resource demand. China’s apparent economic recovery is “mild” and “unstable” according to a study…
June 9th, 2009 | Dan Denning | 6 comments | Continued
If you were drawing up a plan for your dream economic recovery, this is how you would draw it up. The weakness emerging in the Australian housing sector (the fastest decline in prices in six years) would be made up for by resurgent Chinese demand for Aussie resources, led by the first growth in China’s manufacturing sector in nine months.
May 5th, 2009 | Dan Denning | 6 comments | Continued